- Jana Partners is pressing Fiserv to more than double its planned cost cuts and to make its cost targets public rather than aim low, according to a letter viewed by Reuters.
- The letter also urges Fiserv to use Palantir's products to speed up its own technology transformation program, making Palantir a named beneficiary of the activist campaign.
- The move escalates Jana's campaign at Fiserv after it pushed for a complete portfolio review in July.
Quotes
“Jana turns up heat on Fiserv after pushing for complete portfolio review in July”
“Argues in letter bigger cost cuts are possible, urges board to make targets public”